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Pfizer raises 2025 profit forecast as cost-cutting program gains traction
Quarterly sales, profit come in above Wall Street estimatesNew profit forecast includes one-time deal charge, some tariff costsSales of COVID products surpass analysts' expectationsBy Bhanvi Satija and Michael Erman Aug 5 (Reuters) - Pfizer PFE.N said its full-year profit should benefit from ...Reuters
Tue, Aug 5
GBP/USD edges higher as US data weakens, Fed credibility questioned
The GBP/USD advances during the North American session, registers modest gains of over 0.07% following last week’s dismal jobs report and soft data reported earlier. At the time of writing, the pair trades at 1.3305.
Fxstreet
Tue, Aug 5
FOREX-US dollar rises as market eyes Fed chair successor
Traders boost bets on Fed easing moves extending through 2026Goldman Sachs expects Fed to deliver 3 consecutive rate cutsFed could harden its view to protect independence, analysts sayInvestors still concerned about the tariff impact By Gertrude Chavez-Dreyfuss and Stefano Rebaudo NEW YORK/MILAN,...Reuters
Tue, Aug 5
POLL-Trump's attacks on Fed, data integrity weigh on US dollar forecasts
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=EUR= poll dataReuters poll graphic on euro-dollar forecasts - https://reut.rs/4okxdFKBy Sarupya Ganguly BENGALURU, Aug 5 (Reuters) - The U.S. dollar will weaken steadily over the coming months on mounting concerns over the Federa...Reuters
Tue, Aug 5
MEI Pharma Acquires Litecoin, Launches $100M Institutional Treasury Strategy
Aug 5 (Reuters) - MEI Pharma Inc MEIP.O:MEI PHARMA ACQUIRES LITECOIN, LAUNCHES $100M INSTITUTIONAL TREASURY STRATEGY WITH CHARLIE LEE AND GSR ADVISINGMEI PHARMA INC - BUYS 929,548 LITECOIN TOKENS VALUED AT $110.4 MILLIONMEI PHARMA INC - CONTINUES PRE-CLINICAL ACTIVITIES WITH DRUG CANDIDATE VORUCICLI...Reuters
Tue, Aug 5
CANADA FX DEBT - Canadian dollar weakens, benchmark yield slips
The Canadian dollar weakened against the greenback on Tuesday, and the yield on benchmark government debt slipped. The loonie CAD= was trading 0.2% lower at C$1.3797 to the greenback, or 72.48 U.S. cents, after trading in a range of 1.3764 to 1.381.Canadian government 10-year bond yields CA10YT=RR f...Reuters
Tue, Aug 5
EUR consolidates in quiet trade – Scotiabank
Despite firm Spanish and Italian Services and Composite PMI data for July and mild upward revisions for the German data, downward revisions for the French PMIs resulted in minor downward revisions to the Eurozone Services and Composite data for last month, Scotiabank's Chief FX Strategists Shaun OsbFxstreet
Tue, Aug 5
Silver Price Forecast: XAG/USD recovery stalls at $37.40 ahead of US services data
Silver (XAG/USD) is holding quite well the moderate US Dollar’s recovery, but the precious metal remains stalled in no-man’s land above $37.00, with the 4-hour RSI at the 50 level, highlighting a lack of clear momentum.
Fxstreet
Tue, Aug 5
USD/JPY recovers sharply to near 147.70 as Japanese Yen underperforms
The USD/JPY pair trades 0.35% higher to near 147.70 during the European trading session on Tuesday. The pair gains after attracting significant bids after refreshing the 10-day low around 146.60 earlier in the day.
Fxstreet
Tue, Aug 5
FOREX-Dollar rises versus euro and yen before US economic data
Traders boost bets on Fed easing moves extending through 2026Goldman Sachs expects Fed to deliver 3 consecutive rate cutsFed could harden its view to protect independence, analysts sayInvestors still concerned about the tariff impact By Stefano Rebaudo Aug 5 (Reuters) - The dollar edged up agains...Reuters
Tue, Aug 5
USD/JPY: Major support at 145.80 is unlikely to come into view – UOB Group
US Dollar (USD) could break below 146.60 against Japanese Yen (JPY); the major support at 145.80 is unlikely to come into view. In the longer run, sharp drop in USD has scope to extend, but any decline may not break below 145.80, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, Aug 5
Sally Beauty Q3 sales fall 1% but beat estimates
OverviewSally Beauty Q3 net sales fall 1% but beat analyst expectations, per LSEG dataAdjusted EPS rises 13% to $0.51, surpassing analyst estimates, per LSEG dataCo raises full-year adjusted operating margin guidanceOutlookSally Beauty raises full-year adjusted operating margin to 8.6%-8.7%Company e...Reuters
Tue, Aug 5
EnPro Q2 sales rise 6%, beat estimates; EPS misses
OverviewEnPro Q2 sales rise 6% to $288.1 mln, beating analysts' expectationsAdjusted EPS of $2.03 misses analysts' estimates, per LSEG dataCompany raises full-year 2025 guidance on strong aerospace and industrial demandOutlookEnPro raises 2025 revenue growth guidance to 5%-7%Company expects ...Reuters
Tue, Aug 5
